Monday, 5 December 2011

Supercar Crash Creates £2m Of Scrap Metal

A multiple car crash in Japan has created an estimated £2m of scrap metal.

Twelve of the 14 cars involved in the accident near Shimonoseki were supercars - including eight Ferraris, two Mercedes and a Lamborghini.
Reports suggest the crash happened after a Mercedes was driven on the wrong side of the road on the Chugoku expressway.
Japanese newspaper The Daily Yomiuri said 10 people were taken to hospital with minor injuries.
The group of drivers was reportedly made up of self-employed "car enthusiasts", who were travelling from Kyushu to Hiroshima.
Pictures of the scene show the motorway littered with debris from the damaged cars.
Among the vehicles were two Ferrari F430s, two 360 Modenas, two F355s, a Lamborghini Diablo and a Nissan GTR.

Saturday, 3 December 2011

HS2: Government considers new high-speed rail tunnel

High-speed trains would travel at speeds of up to 250mph between London and Birmingham

The government is to look again at the HS2 high-speed rail line between London and Birmingham, which could mean a new tunnel being built in the Chilterns.
Transport Secretary Justine Greening will announce a delay in the final decision on the project next week in order to consider whether about £500m could be used for a 1.5-mile tunnel.
Opponents say the planned route crosses an area of outstanding natural beauty.
The Campaign to Protect Rural England has welcomed plans for more tunnelling.
The 100-mile rail link, which would be built between 2016 and 2026, aims to cut the London-to-Birmingham journey time to 49 minutes.
Ms Greening had been expected to make a decision on whether to approve the £32bn scheme before Parliament rises for its Christmas break on 20 December.
But the decision has now been delayed until mid-January as Ms Greening has asked for more information on whether extra funding - estimated at around £500m - could be used to pay for a new tunnel under the Chiltern Hills beyond Amersham.
The delay will allow a feasibility study to be carried out, as well as a study of the environmental impact of the proposed route.
Detail from high speed rail map
The HS2 plans have proved controversial with ministers facing the prospect of a Commons rebellion by MPs whose constituencies straddle the route.
New proposals being considered would see another tunnel being used to link two others, which are already planned, and would prevent scarring the Chilterns, which is designated as an area of outstanding natural beauty.
The decision to look again at the route follows a report by the House of Commons Transport Committee last month, which suggested a re-assessment of the plans to consider the impact and the benefits of HS2.
The government said any changes would be funded by savings made elsewhere on the route.
The Campaign to Protect Rural England said additional tunnelling would be "essential" if HS2 is to be built through the Chilterns and welcomed the possibility of additional funding.
A spokesman said: "We are concerned, however, by suggestions that the additional £500 million will come from cutting back on mitigation measures elsewhere on the route. Just because countryside is not nationally designated does not mean it should not be valued and protected.
"If the government is looking to generate savings to pay for much needed environmental mitigation, it would be better to cut back on the proposed Birmingham Interchange station.
"This would encroach into the Green Belt next to Birmingham Airport and is currently proposed to require major road widening and a huge multi-storey car park."
Kay Maynard, who farms on land that may be affected, says her life has been "on hold" since the day the HS2 plans were first announced.
She would welcome the tunnel and said: "The double tunnels come up - after 9km - about 75m from where we were going to build our dream house, and it cuts the farm completely in two with no access, as far as we're aware, for us to continue farming the agricultural land.
"We've got 270 acres here to farm and we won't be able to get to it.
"Our lives have been on hold since the first day they announced it, we've not been able to get on with our lives, so hopefully if it's true about this tunnel then we'll be able to stay here.
"But if they go through with the big cutting then we're not going to be allowed to live here - where do we go from here?" she said.
Shadow transport secretary Maria Eagle said: "By accepting that the current proposals on the table are not right, the government has opened up a real opportunity to get this vital project right.
"It's a welcome start but ministers should now go further, stop being dogmatic and use this pause to finally take up our offer to work together on a long-term strategy for both high-speed rail and aviation."

Thursday, 17 November 2011

Tenants' costs of renting a home 'up again'

 
 The cost of renting a home has been at record highs throughout the year


The cost of renting a home in England and Wales has risen for the ninth consecutive month but the rate of increase has slowed, a survey has said.
LSL Property Services, which owns agencies such as Your Move and Reeds Rains, said that the average rent climbed to £720 a month in October.
However, the 0.2% monthly increase was the smallest rise since February.
Frustrated first-time buyers continuing to rent and a shortage of rental property have led to rising costs.
Christmas slowdown
The picture on a regional basis shows that rental costs rose sharpest in the south-east of England (up 1.5%) and the east of England (up 0.8%) in October compared with September.
Over the last year, tenants in London have seen rents rise faster than in any other region.
In October, rents fell by 1.4% in the north-east and south-west of England, and dropped by 0.8% in Wales, compared with September.
"The recent increases are likely to continue to level out in run up to Christmas - traditionally a slower time for the market," said David Newnes, of LSL.
"Nevertheless, despite the slower rate of increase, the cost of renting is still rising annually at nearly twice the speed of the average salary and many tenants will need to dedicate a growing portion of their disposable income to the cost of accommodation over the next year."
The pressure on tenants was also in evidence as 10.1% of all rent was paid late or not at all in October, compared with 8.6% in September. However, this was slightly lower than the 10.3% average of the previous 12 months.
LSL is predicting that tenant arrears will increase in the next 12 months.

Rio in fresh Blatter blast Red Devils defender believes supremo is upsetting the majority

            Rio Ferdinand: Believes Sepp Blatter's views on racism are ignorant


Manchester United defender Rio Ferdinand has continued to hit out at FIFA president Sepp Blatter, claiming his views on racism are ignorant.

Blatter hit the headlines on Thursday by offering the view that a simple handshake between players at the end of a game could resolve any racism on the pitch.
The FIFA chief has since attempted to clarify his position by stating his comments were misunderstood, however, that has done little to quell the response to his initial stance on the issue.
Ferdinand believes that Blatter's support from women in the game is wavering after he called for them to wear skimpier outfits in 2004 to boost interest.
Blatter also took a blasé approach to issues facing gay fans attending the 2022 World Cup finals in Qatar where homosexuality is banned, stating they should 'refrain from any sexual activities'.

Ideal arena

Ferdinand remains irate at Blatter, stating that the football pitch is an ideal arena to help stamp out further racism in society.
"To say what you said about racism in football spoke volumes of your ignorance to the subject," Ferdinand wrote on his Twitter account.
"I guess you now have the full support of all the women, gay community plus people against racism in football....
"If we want to stamp out racism in society a football pitch is a good place to start- loved by billions of people around the world."

Wednesday, 16 November 2011

Aishwarya Rai Bachchan and Bollywood's new royal princess By Rajini Vaidyanathan

India's most famous couple - actress and model Aishwarya Rai Bachchan and her actor husband Abhishek Bachchan - have had a baby girl. As the latest addition to one of a small number of acting and producing dynasties that dominate Bollywood, will she grow up to be an actress?

If the odds, or the genes, are to be believed, then the newly born daughter to the Bachchan-Rais is destined for the silver screen.
She might only be in the first week of her life, but being born into Bollywood royalty gives her a head start like no other.
Her mother is Aishwarya Rai, the face of L'Oreal, a former Miss World, who has starred in a number of Bollywood films.
Her father is Abhishek Bachchan, a Bollywood actor who is rarely far from the front pages of magazines.
Her grandmother is actress Jaya Bhaduri. And her grandfather is India's most famous man, Amitabh Bachchan, a Bollywood megastar whose career has spanned decades.
Blood is thick in Bollywood.
There are eight-to-10 prominent families who control at least 65% of the Indian film industry, says SMM Ausaja, a Bollywood historian and author.
The vast majority of the country's top acting talent is from a so-called "filmi" family, of either actors or producers.
Salman Khan, Kareena and Karishma Kapoor, Saif Ali Khan, Ranbir Kapoor, Hrithik Roshan, Sanjay Dutt and Bobby and Sunny Deol are just some of the star names belonging to powerful Bollywood families.
Rise of the Kapoors
This genetic dominance began in the 1940s, when the old Bollywood studio system broke down says Ausaja.

Bollywood's first families

Amitabh Bachchan and family
  • The Bachchans - Amitabh and wife Jaya Bhaduri (pictured), Abhishek (held by mother), Aishwarya Rai Bachchan
  • The Kapoors - Prithviraj, Raj, Shammi, Rishi, Randhir, Neetu Singh, Rajiv, Karishma, Kareena, Ranbir
  • The Deols - Dharmendra, Hema Malini, Sunny, Bobby, Esha, Abhay
Like the collapse of Hollywood star system, it meant film studios were no longer contracted to hire certain actors or manage their careers and paved the way for independent producers.
"The family element really came in because the producer preferred his own son to come in rather than somebody else," says Ausaja.
The beginnings of the biggest and most feted Bollywood family date from around this time, when actor and producer Prithviraj Kapoor helped launch his sons Raj, Shashi and Shammi Kapoor.
Raj Kapoor, who went on to become the most successful of the trio, later set up his own studio to launch the careers of the next generation of his family members, including his son, Randhir.
The big budget film Rockstar, which opened this week in India, stars the youngest of the Kapoor acting clan, Ranbir Kapoor.
"Yes I come from a film family and I've been brought up in a very cushioned environment, but I'm a working professional.
"I take credit for my success and I deal with my failures and I think that just makes you more mature as a person," he says.
Kapoor, who is one of Bollywood's men of the moment, told the BBC that being from a dynasty didn't protect him from the challenges of the industry: "It's a jungle and you have to make a name for yourself," he said.
Family business
Of course having a big name, makes it easier.
Priyanka Chopra and Shahid KapoorMore actors and producers from a non-film background are now breaking into the profession
This is also true in Hollywood which is home to acting dynasties such as the Redgraves, the Sheens, the Douglases and the Fondas, but Indian culture is a big reason why a few families dominate.
"There's a lot of loyalty value to a family name," says Ausaja.
"Indians are emotional people and are film crazy, if they like an actor such as Amitabh, they'll pass on that love to their son or daughter."
It's also traditional in India for a trade or profession to be passed on to the next generation.
"It's like passing down a jewellery business or something. It's almost assumed the son will go into that, and take the mantle further," says Yogesh Roy, the son of Nirupama Roy, who starred alongside Amitabh Bachchan in a number of films in the 1970s and 1980s.
For Roy there was a certain sense of expectation he would become an actor, borne out of a childhood growing up on film sets.
"We were always exposed to the screen life, I used to go with my mother for shoots and I would rehearse with her and we'd go through scripts. I even dubbed some of the children's part," he recalls.
Despite all this encouragement Roy decided he was too shy to follow in his mother's footsteps but stayed in the industry as a designer to many film stars.
But taking the family business also makes a lot of practical sense to many of the children who are brought up in such an environment.
"It helps you understand what's expected you of a professional. Things that outsiders learn along the way are already given to us from our parents," says director Rohan Sippy, the son of acclaimed director Ramesh Sippy, who directed the 1970s Bollywood classic, Sholay.
"It does give you a certain equity and goodwill over a complete newcomer, but after your break you still have to have the talent to sustain it," he says.
Nostalgia
Malaika Arora Khan and Shah Rukh KhanShah Rukh Khan (right) dancing with Malaika Arora Khan - for once, no relation
Of course there are some who can break through without the help of a dynasty. One of Bollywood's biggest stars Shah Rukh Khan is not a member of any film clan.
"SRK broke through out of sheer luck and energy that he possesses and that he got the right time.
"You can have more flops and take risks if you are the child of a prominent star," says Ausaja.
Sippy says the industry is now changing, with more actors and producers from a non-film background entering the profession.
But Ausaja believe the dynasties will still reign in Bollywood for years to come because it's what the fans want.
"I don't see that loyalty breaking. People connect with nostalgia and their favourite star, and that carries down to generations of filmgoers."

UK Economy: Bank Of England Cuts Growth And Inflation Forecasts

The Bank of England has slashed its growth and inflation forecasts as euro zone worries weigh on the UK economy

The Bank of England has lowered its forecasts for UK growth and inflation as the eurozone sovereign debt crisis and weakening global demand weigh on the domestic economy. Annual growth rates are likely to fall below 1% in 2012, the bank said, and inflation should drop below 2% by the end of next year.
The bank's monetary policy committee (MPC) has a range of views about the strength and timing of a recovery, but the "best collective judgement" is that by 2013, growth will return to levels above its historical average. However, there are significant - and unquantifiable - downside risks from the ongoing deadlock in the eurozone.
"Implementation of a credible and effective policy response in the euro area would help to reduce uncertainty and so support UK growth, but its absence poses the single biggest risk to the domestic recovery," the Bank said.
However, it added that even if a solution is found in the near term, the weakness in the eurozone's economies will mean that demand will remain low and exports will suffer.
The UK economy grew at an unexpectedly fast rate of 0.5% in the third quarter of 2011, beating forecasts. However, this was largely a reaction to a very weak second quarter, which was hit by global factors, including the Japanese tsunami, and softer domestic demand.
At IHS Global Insight, chief UK and European economist Howard Archer said that the projections indicate that the bank thinks a contraction is a real possibility.
"While the Inflation report and Sir Mervyn King did not specifically use the 'R' word - Recession - the implication is that this is a very real risk, particularly if events in the Eurozone worsen and credit conditions tighten," he said.
Consumer price inflation (CPI) hit 5.2% in September due in a large part to rising energy costs and an increase to value added tax (VAT). However, as softer demand hits sales, energy and import prices fall back and the weak labour market reduces spending, that number is more likely than not to fall to below the bank's target rate of 2%, according to MPC projections.
With growth low and inflation peaking, the MPC voted unanimously to inject a further £75bn into the UK's financial system in October, taking its total asset buying programme to £275bn. If inflation does moderate and the economy shows few signs of growing, the bank may consider a further round of quantitative easing (QE).
"Given that consumer price inflation is seen appreciably below its 2.0% target level on the two-year policy horizon and beyond on the assumption that interest rates stay unchanged for essentially the next two years and the stock of quantitative easing is limited to £275bn, this strongly implies that the Bank of England will undertake more stimulative action," Archer said. "This seems certain to be through more Quantitative Easing as there seems little desire within the Bank of England to take interest rates below 0.50%. Indeed, it is notable that even at the height of the 2008/9 recession, the Bank of England did not lower interest rates below 0.50%."

Tuesday, 15 November 2011

Liver implant gives boy 'another chance of life' By Fergus Walsh

                               Iyaad Syed: 'A miracle boy'

Doctors in London say they have cured a baby boy of a life-threatening disease which was destroying his liver.
They implanted cells which acted like a temporary liver, allowing the damaged organ to recover.
The team at King's College Hospital in south London say the technique is a world first.
Eight-month-old Iyaad Syed now looks the picture of health - but six months ago he was close to death. A virus had damaged his liver causing it to fail.
Instead of going on a waiting list for a transplant, doctors injected donor liver cells into his abdomen.
These processed toxins and produced vital proteins - acting rather like a temporary liver.
The cells were coated with a chemical found in algae which prevented them from being attacked by the immune system.
After two weeks his own liver had begun to recover.
Professor Anil Dhawan, a liver specialist at King's College Hospital, says the whole team at the hospital is delighted:
"This is the first time this treatment has been used to treat a child with acute liver failure. It's only a few months back when I first saw this child who was so sick requiring support on dialysis and a breathing machine.
"We think we have given him another chance of life and seeing him now six months down the road with nearly normal liver function is remarkable."
Dr Ragai Mitry, Head of Liver Processing at King's, who helped in developing the technique, said:
"We are very pleased the transplanted liver cells have helped in supporting and delivering the missing metabolic functions of Iyaad's failing liver."
Iyaad's father, Jahangeer, said his son was "a miracle boy". He added: "Once he had the treatment after 48 hours he started to get better and hope came back. It is brilliant and we are very proud of him."
      Professor Anil Dhawan: "As a team at the hospital, we are very happy"Clinical trials
The question now is whether the technique could be used to benefit other patients with acute liver failure. The team at King's is urging caution - a large clinical trial is needed to test the effectiveness of the technique.
A key benefit over a liver transplant is that Iyaad will not need to take anti-rejection drugs known as immuno suppressants.
Andrew Langford, Chief Executive of the British Liver Trust, said: "The principle of this new technique is certainly ground-breaking and we would welcome the results of further clinical trials to see if it could become a standard treatment for both adults and children.
"Sadly, we have reached a breaking point with our transplant list in the UK, where approximately 100 people die waiting for a donor liver to become available each year."
King's College Hospital is part of King's Health Partners Academic Health Sciences Centres (AHSC), a collaboration of five academic health centres in London, which aims to accelerate the transition of research from bench to bedside.